Phong Le Sells 93,738 Shares of Strategy (NASDAQ:MSTR) Stock

Strategy Inc (NASDAQ:MSTRGet Free Report) CEO Phong Le sold 93,738 shares of Strategy stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $118.73, for a total value of $11,129,512.74. Following the completion of the sale, the chief executive officer directly owned 119,925 shares in the company, valued at $14,238,695.25. This represents a 43.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Phong Le also recently made the following trade(s):

  • On Friday, May 22nd, Phong Le bought 55 shares of Strategy stock. The stock was bought at an average cost of $99.41 per share, for a total transaction of $5,467.55.
  • On Tuesday, March 24th, Phong Le sold 3,299 shares of Strategy stock. The shares were sold at an average price of $138.33, for a total value of $456,350.67.
  • On Thursday, March 19th, Phong Le bought 2,509 shares of Strategy stock. The stock was bought at an average cost of $99.62 per share, for a total transaction of $249,946.58.
  • On Thursday, March 12th, Phong Le sold 2,034 shares of Strategy stock. The shares were sold at an average price of $137.25, for a total value of $279,166.50.

Strategy Stock Down 6.9%

Shares of NASDAQ:MSTR traded down $8.93 during midday trading on Friday, reaching $120.44. The company had a trading volume of 41,735,189 shares, compared to its average volume of 15,553,520. The company has a quick ratio of 6.05, a current ratio of 6.05 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average price is $153.65 and its 200 day moving average price is $154.35. The stock has a market cap of $42.21 billion, a PE ratio of -3.00 and a beta of 3.49. Strategy Inc has a 1-year low of $104.17 and a 1-year high of $457.22.

Strategy (NASDAQ:MSTRGet Free Report) last released its earnings results on Tuesday, May 5th. The software maker reported ($38.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.86) by ($37.39). The company had revenue of $124.30 million during the quarter, compared to analyst estimates of $120.75 million. Strategy had a negative net margin of 2,482.01% and a negative return on equity of 26.97%. Strategy’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($16.49) EPS. Research analysts forecast that Strategy Inc will post 116.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Strategy

A number of institutional investors have recently made changes to their positions in the company. DV Trading LLC boosted its holdings in shares of Strategy by 90.7% during the first quarter. DV Trading LLC now owns 5,007 shares of the software maker’s stock worth $625,000 after acquiring an additional 2,381 shares during the period. Foguth Wealth Management LLC. bought a new stake in shares of Strategy during the first quarter worth approximately $169,000. Lavelle Capital LP bought a new stake in shares of Strategy during the first quarter worth approximately $3,106,000. Maripau Wealth Management LLC boosted its holdings in shares of Strategy by 13.0% during the first quarter. Maripau Wealth Management LLC now owns 6,252 shares of the software maker’s stock worth $780,000 after acquiring an additional 717 shares during the period. Finally, Coastline Complete Wealth LLC bought a new stake in shares of Strategy during the first quarter worth approximately $285,000. Institutional investors own 59.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Benchmark reaffirmed a “buy” rating on shares of Strategy in a research report on Tuesday. HC Wainwright reaffirmed a “buy” rating on shares of Strategy in a research report on Friday, February 6th. Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Strategy in a research report on Tuesday. Canaccord Genuity Group set a $163.00 price target on Strategy and gave the stock a “buy” rating in a report on Wednesday. Finally, Zacks Research cut Strategy from a “hold” rating to a “strong sell” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Strategy presently has a consensus rating of “Moderate Buy” and a consensus price target of $313.93.

View Our Latest Stock Report on MSTR

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Strategy Company Profile

(Get Free Report)

Strategy, formerly known as MicroStrategy, Incorporated (NASDAQ: MSTR) is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.

Founded in 1989 by Michael J.

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